Taiwan’s top financial regulator has approved the merger of Shin Kong Financial Holding Co., Ltd. and Taishin Financial Holding Co., Ltd., creating TS Financial Holding Co., Ltd. The new company will be Taiwan’s fourth largest financial holding firm, with more than US$253 billion in combined assets.
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00:00Two of Taiwan's biggest financial players are joining forces to become the country's
00:05fourth-largest holding company.
00:07Taiwan's top financial regulator approved the merger of Xinkong Financial and Taixing
00:12Financial, which together control more than 250 billion U.S. dollars in assets.
00:18The formation of the new company, TS Financial Holdings, marks the largest merger in a wave
00:23of consolidations in Taiwan's finance sector.